Register
A business in Italy purchased 200 Kazuri necklaces at a cost of 481 720 Kenyan Shillings (KES). In February 2020 the exchange rate was 1 euro (€) = 120.43 KES. (i) Calculate the cost of buying the 200
10,209 views
21 votes
21 votes
A business in Italy purchased 200 Kazuri necklaces at a cost of 481 720 Kenyan

Shillings (KES).
In February 2020 the exchange rate was 1 euro (€) = 120.43 KES.
(i) Calculate the cost of buying the 200 Kazuri necklaces in euros in February
2020. You are advised to show your working.

A business in Italy purchased 200 Kazuri necklaces at a cost of 481 720 Kenyan Shillings-example-1
User Neurosnap
by
2.1k points

1 Answer

16 votes
16 votes

Step-by-step explanation:

200kazuri was bought 481720ksh

in 20201 euro was = 120.43kes

to get the money in euro u get 481,720/120.48

Ans =4000

200 kaziri was bought by 4000 euro

User LeeR
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!